OPEC AND OIL PRICES

Egypt Raises Prices by $1.00/B from 1 August

Egypt has raised the export prices of its various grades of crude oil by $1.00 a barrel with effect from 1 August. The increases in Egyptian oil prices since 16 February are shown in the table below (credit terms 60 days):

 1 Aug 15 July 1 July 1 June 16 Feb ($/B) ($/B) ($/B) ($/B) ($/B) Suez Blend (33°) 18.75 17.75 17.35 17.25 17.25 Ras al-Bihar (33°) 18.75 17.75 17.35 17.25 17.25 Belayim (26°) 18.05 17.05 16.75...